Office Lease Agreement (Multi-Tenant Base Year Modified Gross Lease) (Pro-Landlord Short Form) (CA) | Practical Law

Office Lease Agreement (Multi-Tenant Base Year Modified Gross Lease) (Pro-Landlord Short Form) (CA) | Practical Law

An office lease favoring the landlord and for use in a multi-tenant office building in California. In this office lease, sometimes called a modified gross lease or a base year model gross lease, the tenant pays its proportionate share of increases in real estate taxes and operating expenses above those incurred in a negotiated base year. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both landlords and tenants.

Office Lease Agreement (Multi-Tenant Base Year Modified Gross Lease) (Pro-Landlord Short Form) (CA)

by Practical Law Real Estate
MaintainedCalifornia
An office lease favoring the landlord and for use in a multi-tenant office building in California. In this office lease, sometimes called a modified gross lease or a base year model gross lease, the tenant pays its proportionate share of increases in real estate taxes and operating expenses above those incurred in a negotiated base year. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both landlords and tenants.